Embraer (NYSE:ERJ) Reaches New 12-Month High - Still a Buy?

Embraer S.A. (NYSE:ERJ - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $56.61 and last traded at $56.40, with a volume of 2891485 shares. The stock had previously closed at $55.20.

Analyst Ratings Changes

ERJ has been the subject of a number of analyst reports. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. The Goldman Sachs Group increased their target price on shares of Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Embraer currently has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Embraer Stock Up 0.4 %

The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company's fifty day simple moving average is $44.81 and its 200 day simple moving average is $39.10. The firm has a market capitalization of $9.68 billion, a PE ratio of 19.38 and a beta of 1.70.

Remove Ads

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Embraer

A number of institutional investors and hedge funds have recently made changes to their positions in ERJ. Jones Financial Companies Lllp bought a new position in shares of Embraer during the fourth quarter valued at approximately $28,000. SPX Gestao de Recursos Ltda bought a new position in shares of Embraer during the fourth quarter valued at approximately $37,000. Colonial Trust Co SC bought a new position in shares of Embraer during the fourth quarter valued at approximately $42,000. Lindbrook Capital LLC increased its stake in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Embraer during the fourth quarter valued at approximately $71,000. Institutional investors own 34.65% of the company's stock.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.